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South Africa’s Sola and African Rainbow reach financial close on two 100 MW solar projects: South African independent power producer Sola and its shareholder African Rainbow Energy and Power (AREP) have reached financial close on two 100 MW solar projects that they’re providing to US titanium dioxide manufacturer Tronox to power its mines and smelters […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Qatar is getting some more oxygen
Qatar’s mangroves, or “green fortress,” are making a major comeback, Al Doha Newsreported. Government efforts over the past three years to plant “nature’s carbon sinks” have led to an increase in the surface area of mangrove swamps to 14k sqm from 9k sqm. Mangroves produce oxygen, protect beaches from erosion, are important for the reproduction […]
Posted inCALENDAR
SEPTEMBER 12-15 September (Monday-Thursday) International Renewable Energy and Energy Efficiency Exhibition, Tehran International Permanent Fairground, Tehran, Iran. 13-14 September (Tuesday-Wednesday) South Sudan Oil & Power Conference, Juba, South Sudan, Venue TBA. 15 September (Thursday) UN’s Arab Regional Forum on Climate Finance, United Nations House in Beirut, Lebanon. 20 September (Tuesday) UN Regional Economic Committee for […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Green bonds in the GCC this week + Oil and gas exploration hit new lows this year.
Good morning, wonderful people, and we’re glad you’re joining us in what is shaping up to be another interesting week for the green economy in MENA. THE BIG CLIMATE STORY in our corner of the world: Could this be the week green bonds in really take off in MENA? It looks possible, if recent announcements […]
Posted inDEBT WATCH
A new day for GCC green bond offerings?
Abu Dhabi Commercial Bank (ADCB) has raised USD 500 mn in its first-ever green bond issuance, it said in a statement (pdf) on Thursday. The bonds will be issued this Wednesday, 14 September, the bank said. Strong investor appetite allowed ADCB to lock in better pricing on the issuance than its initial guidance, Reuters reports. […]
Posted inUncategorized
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Posted inENERGY
EBRD to help Egypt wind down gas-fired power plants
More details on EBRD clean energy funding: The European Bank for Reconstruction and Development (EBRD) will provide USD 300 mn in funding to Egypt to help it decommission 5 GW of gas-fired power plants from 2023, Heike Harmgart, the bank’s managing director for the Southern and Eastern Mediterranean, told Reuters. The money will be spent […]
Posted inCLIMATE FINANCE
Africa isn’t ready to let go of fossil fuels
African ministers are pushing back on efforts for full and speedy divestment of fossil fuels energy sources, in large part due to climate financing pledges not being fulfilled, according to a communique from a climate conference in Cairo last week cited by Reuters. The document stressed “the need to avoid approaches that encourage abrupt disinvestments […]
Posted inUncategorized
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Posted inREGULATION WATCH
Kuwait readies itself for EVs
Kuwait has finished preparing the executive regulations for electric vehicle (EV) charging stations, the country’s Electricity, Water and Renewable Energy Minister Ali Al Moussa told state media outlet Kuna on Saturday. The regs will lay out zones and facilities where EV charging stations will be placed, Moussa said. These include government and commercial buildings. Details […]